Document background
A Board Resolution For Disposal of Assets is a crucial corporate governance document required under Qatar's legal framework when a company intends to sell, transfer, or otherwise dispose of significant assets. This document is essential for demonstrating proper corporate authorization and compliance with Qatar Commercial Companies Law (Law No. 11 of 2015). It's typically used when disposing of major equipment, real estate, subsidiaries, or other substantial assets that require board-level approval. The resolution must include specific details about the assets, transaction terms, and authorizations, while ensuring compliance with the company's articles of association and relevant regulatory requirements. For listed companies, additional requirements from the Qatar Financial Markets Authority may apply, particularly regarding disclosure obligations and shareholder interests.
